MindsEye Developer Build a Rocket Boy Files for Insolvency

Build a Rocket Boy, the studio behind the action-adventure MindsEye, has officially filed for insolvency. According to a Companies House filing (Form AM01(Scot)) dated September 25, 2026, the Edinburgh-based studio has appointed administrators – a clear step towards financial insolvency under UK law. The insolvency has now been confirmed by several international media outlets, including Eurogamer, Engadget, Aroged, and Massively OP.

This follows another wave of layoffs, which reportedly affected artists, executives, and parts of the HR department, among others. Now, administrators from Opus Restructuring are taking the helm. Specifically, Build a Rocket Boy is now under a Statutory Moratorium. This temporarily protects the studio from creditors while efforts are made to rescue the company or at least wind it down in an orderly fashion.

How Did Build a Rocket Boy End Up Insolvent?

Build a Rocket Boy was founded in 2017 by Leslie Benzies, the former president of Rockstar North and long-time mastermind behind several Rockstar GTA titles, alongside Matthew Smith and Colin Entwistle. Originally, the studio was set to build a user-generated online platform with "Everywhere" before shifting its focus to MindsEye – a story-driven action-adventure set in futuristic Redrock, which was released in June 2025.

The launch turned into a debacle: bug reports piled up, and some platforms reportedly even issued refunds. Several rounds of layoffs followed, and co-founder Leslie Benzies publicly spoke of "saboteurs" both within and outside the company – though evidence for these claims has yet to emerge. Concurrently, the IWGB Game Workers Union went to court, citing issues like the use of controversial monitoring software on employee devices and a reportedly unlawful dismissal process. Even the multiplayer mode, including a football mini-game, which was added later in the summer, could not stop the downward trend.

What Does Insolvency Mean for MindsEye Players?

For everyone who has already purchased MindsEye, nothing changes for now: the game remains playable, and servers will initially continue to run under the supervision of the administrators. However, whether there will be new updates, bug fixes, or the recently announced expansion of online modes remains to be seen. Insolvency administrators typically look for buyers for the studio, brand, or technology in such cases. If this isn't successful, final liquidation and eventually the shutdown of the servers are imminent.

From our perspective, Build a Rocket Boy's bankruptcy is another sad chapter in an industry that is currently losing studios and jobs en masse. The fact that a AAA studio with a true GTA icon at its helm can fall so low shows: A big name alone does not protect against a botched launch, internal conflicts, or an overly ambitious budget. For the affected employees, who have already endured several waves of layoffs, the official insolvency is likely no longer a big surprise.

Source: Eurogamer

What do you think: Does MindsEye deserve a second chance despite everything, or was the project doomed from the start? Let us know your thoughts in the comments!